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IG Petrochemicals Ltd.
(IGPL)
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Rating:56Neutral
Price Target:
₹540.00
▲(37.02% Upside)
Action:Reiterated
Date:08/27/26
The score is held back primarily by weak recent financial performance, marked by a sharp drop in profitability and volatile, recently negative free cash flow. These risks are partially offset by strong technical momentum (price above key moving averages with positive MACD) and a broadly fair valuation, resulting in a mid-range overall score.
Positive Factors
Manageable Leverage
Moderate leverage and a stable equity base provide financial flexibility through chemical-cycle downturns. This reduces balance-sheet strain and gives IGPL greater capacity to sustain operations and fund necessary investment when earnings are under pressure.
Negative Factors
Sharp Profitability Reset
The move from healthy profitability to near break-even earnings shows substantial sensitivity to industry spreads, input costs, and utilization. Persistently weak margins would reduce retained earnings, returns, and the company’s ability to finance growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate leverage and a stable equity base provide financial flexibility through chemical-cycle downturns. This reduces balance-sheet strain and gives IGPL greater capacity to sustain operations and fund necessary investment when earnings are under pressure.
Read all positive factors
IG Petrochemicals Ltd. (IGPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.36B
Dividend Yield0.94%
Average Volume (3M)1.40K
Price to Earnings (P/E)20.1
Beta (1Y)1.15
Revenue Growth-0.88%
EPS Growth34.57%
CountryIN
Employees517
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)26.51
Shares Outstanding30,794,850
10 Day Avg. Volume1,033
30 Day Avg. Volume1,400
Financial Highlights & Ratios
PEG Ratio-4.70
Price to Book (P/B)0.77
Price to Sales (P/S)0.53
P/FCF Ratio-12.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.7
Revenue Forecast (FY)₹26.22B
IG Petrochemicals Ltd. Business Overview & Revenue Model
Company Description
Based in Mumbai, India, and founded in 1988, I G Petrochemicals Limited operates as a producer and global distributor of organic chemicals. Its product lineup features phthalic anhydride, an essential component for plasticizers, alkyd resins, pain...
How the Company Makes Money
IGPL primarily makes money by manufacturing and selling phthalic anhydride (its core product) to industrial customers who use it as a key intermediate in producing plasticizers, alkyd/other resins, unsaturated polyester resins, and coatings. Reven...
IG Petrochemicals Ltd. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
67
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.73B | 19.25B | 22.06B | 20.94B | 23.52B | 18.83B |
| Gross Profit | 3.98B | 2.57B | 5.19B | 1.33B | 5.52B | 6.28B |
| EBITDA | 2.18B | 1.20B | 2.19B | 1.36B | 3.40B | 4.14B |
| Net Income | 816.47M | 22.19M | 1.09B | 395.13M | 2.00B | 2.65B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.00B | 22.11B | 21.35B | 19.92B | 16.51B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 2.59B | 2.67B | 2.31B | 2.60B | 1.75B |
| Total Debt | 0.00 | 3.62B | 2.69B | 3.68B | 2.54B | 1.73B |
| Total Liabilities | -13.33B | 9.68B | 8.72B | 8.88B | 7.57B | 5.89B |
| Stockholders Equity | 13.33B | 13.33B | 13.39B | 12.47B | 12.35B | 10.62B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | -792.00M | 1.24B | -1.37B | -73.45M | 94.15M |
| Operating Cash Flow | -385.86M | 837.73M | 2.61B | 371.93M | 2.33B | 1.09B |
| Investing Cash Flow | -177.49M | -1.09B | -919.97M | -1.15B | -2.55B | -1.06B |
| Financing Cash Flow | 10.33M | -145.49M | -1.38B | 479.26M | 206.14M | -187.97M |
IG Petrochemicals Ltd. Technical Analysis
Positive
394.10
Price Trends
459.80
Positive
444.07
Positive
406.06
Positive
Market Momentum
15.50
Negative
67.79
Neutral
87.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGPL, the sentiment is Positive. The current price of 394.1 is below the 20-day moving average (MA) of 489.44, below the 50-day MA of 459.80, and below the 200-day MA of 406.06, indicating a bullish trend. The MACD of 15.50 indicates Negative momentum. The RSI at 67.79 is Neutral, neither overbought nor oversold. The STOCH value of 87.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IGPL.
IG Petrochemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ₹7.72B | 10.72 | ― | 0.81% | -7.71% | 12.35% | |
73 Outperform | ₹12.62B | 7.01 | ― | 0.82% | 19.19% | 487.89% | |
60 Neutral | ₹10.01B | 7.04 | ― | 1.14% | -2.43% | 81.19% | |
56 Neutral | ₹16.36B | 20.08 | ― | 2.59% | -0.88% | 34.57% | |
56 Neutral | ₹38.82B | 31.85 | ― | 0.25% | 48.57% | 57.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹9.77B | -390.54 | ― | 0.56% | 10.11% | -109.80% |
* General Sector Average
IN:IGPL
IG Petrochemicals Ltd.
531.20
93.34
21.32%
IN:ESTER
Ester Industries Limited
93.67
-15.17
-13.94%
IN:KOTHARIPET
Kothari Petrochemicals Ltd.
131.15
-32.81
-20.01%
IN:MANALIPETC
Manali Petrochemicals Limited
73.39
5.89
8.73%
IN:POCL
Pondy Oxides & Chemicals Ltd.
508.95
81.90
19.18%
IN:TNPETRO
Tamilnadu Petro Products Ltd.
111.24
6.72
6.43%
IG Petrochemicals Ltd. Corporate Events
IG Petrochemicals dispatches AGM and annual report links to non-email shareholders
Jul 11, 2026
IG Petrochemicals Ltd. has informed shareholders and exchanges that it has begun dispatching letters to investors whose email addresses are not registered with the company. These letters provide a web link to access the Annual Report for the finan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.